Falco Resources (CVE:FPC) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Falco Resources Ltd. (CVE:FPC)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.46 and traded as low as C$0.44. Falco Resources shares last traded at C$0.44, with a volume of 235,287 shares traded.

Falco Resources Trading Down 2.2%

The company has a fifty day simple moving average of C$0.46 and a two-hundred day simple moving average of C$0.38. The company has a debt-to-equity ratio of 57.62, a current ratio of 0.25 and a quick ratio of 0.33. The company has a market capitalization of C$150.14 million, a P/E ratio of -43.50 and a beta of 1.39.

About Falco Resources

Falco Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in Canada. It explores for base and precious metals, as well as gold, zinc, copper, and silver deposits. The company owns mining claims and contractual rights in relation to mining concessions covering an area of approximately 70,000 hectares of land in the Rouyn-Noranda mining camp located in the Province of Québec. Its principal asset includes the Horne 5 Project located in the former Horne mine. The company was formerly known as Falco Pacific Resource Group Inc and changed its name to Falco Resources Ltd.